Celebrity Life
How the art world is reducing its carbon footprint
Auction houses like Christie's are increasingly taking action to remedy the situation with initiatives such as charity sales supporting environmental causes.
The post How the art world is reducing its carbon footprint appeared first on The Peak Magazine.
The art world often comes under fire for its disastrous carbon footprint
Auction houses like Christie's are increasingly taking action to remedy the situation with initiatives such as charity sales supporting environmental causes.
For more stories like this, visit www.thepeakmagazine.com.sg.
Works by up-and-coming artists are rocking the auction market
While auction houses have been betting big on digital platforms, some emerging artists have seen their popularity ratings go through the roof.
The post Works by up-and-coming artists are rocking the auction market appeared first on The Peak Magazine.
Works by up-and-coming artists are rocking the auction market
While auction houses have been betting big on digital platforms, some emerging artists have seen their popularity ratings go through the roof.
For more stories like this, visit www.thepeakmagazine.com.sg.
Royal hatter Treacy brings glamour to Russia despite pandemic
Designer Philip Treacy, a haute couture hatmaker to the British royals and American stars, presented his collection in Saint Petersburg.
The post Royal hatter Treacy brings glamour to Russia despite pandemic appeared first on The Peak Magazine.
Royal hatter Treacy brings glamour to Russia despite pandemic
Designer Philip Treacy, a haute couture hatmaker to the British royals and American stars, presented his collection in Saint Petersburg.
For more stories like this, visit www.thepeakmagazine.com.sg.
This Auction House Wants You to Buy Art Because You Love it, Not For Investment
Expert art collectors are well aware that the popularity of an emerging artist can skyrocket rapidly, meaning that their artworks are at risk of only being bought for expensive future resale. New auction house Greenhouse Auctions has created a business model to counter this widespread phenomenon.
This online art platform was founded by Shlomi Rabi, former head of photography sales at Phillips, New York, and former VP, head of photographs for the Americas at Christie's, to address the disparities in the auction art market. "Greenhouse Auctions sprouted in the midst of an economic avalanche, and its mission from day one has been to create an inclusive, inviting, safe space for those in the art world who are often left out," explains the website.
Greenhouse Auctions sales focus on small galleries and emerging artists, whose works are estimated under US$20,000 (HK$155,000). The main goal is to offer an affordable entry point to a new generation of art collectors, and to help upcoming artists whose markets are growing rapidly. The latter can directly sell their work through Greenhouse Auctions, alongside art dealers and gallery owners who want to reach new clients outside international art fairs.
"A lot of these artists are not necessarily household names," said Shlomi Rabi to The Art Market Monitor. "They may not have been at the big auction houses, but it's not because they are not at the calibre, it's simply because they haven't necessarily had the break, and this is what the platform is meant to do: It's exposure, visibility, empowerment, access."
[caption id="attachment_212661" align="alignnone" width="1024"]
'Time Table' by Shay Azoulay is one of the works to be auctioned during the 'Sourdough' sale on December 2 at Greenhouse Auctions. (Image: Greenhouse Auctions)[/caption]
Selling prices remaining confidential
One of its other unique features is that Greenhouse Auctions refuses to make public the final sale prices of works at auction, even though their estimates remain accessible. The policy is designed to discourage buyers who want to make a good return on their investment, while protecting artists from the possibility of seeing their market collapse if one of their works does not find a buyer.
"Auction houses are all about anonymity. Chances are that you won't know who's selling, or why they even bought that work of art a year ago if their intention was to flip it," the site outlines. It explains its difference in that "[b]uyers come [to us] to directly support artists, pursue exciting artwork in a fair and transparent model, and invest in the next generation of talent."
Greenhouse Auctions will launch its first online sale today called "Sourdough". Fifteen works created during the pandemic by artists including Shai Azoulay, Molly A. Greene, T. Eliott Mansa, Nick Farhi, William Osorio and Tony Vazquez-Figueroa will be auctioned.
Sellers will keep 95 percent of the final price of their sold work, while collectors will pay a 20 percent buyer's premium. A part of the sellers fee will be donated to launch a new scholarship with the Thurgood Marshall College Fund, benefiting Black colleges in the US.
(Main and featured image: Greenhouse Auctions)
The post This Auction House Wants You to Buy Art Because You Love it, Not For Investment appeared first on Prestige Online - Hong Kong.
This Auction House Wants You to Buy Art Because You Love it, Not For Investment
Expert art collectors are well aware that the popularity of an emerging artist can skyrocket rapidly, meaning that their artworks are at risk of only being bought for expensive future resale. New auction house Greenhouse Auctions has created a business model to counter this widespread phenomenon.
This online art platform was founded by Shlomi Rabi, former head of photography sales at Phillips, New York, and former VP, head of photographs for the Americas at Christie's, to address the disparities in the auction art market. "Greenhouse Auctions sprouted in the midst of an economic avalanche, and its mission from day one has been to create an inclusive, inviting, safe space for those in the art world who are often left out," explains the website.
Greenhouse Auctions sales focus on small galleries and emerging artists, whose works are estimated under US$20,000 (HK$155,000). The main goal is to offer an affordable entry point to a new generation of art collectors, and to help upcoming artists whose markets are growing rapidly. The latter can directly sell their work through Greenhouse Auctions, alongside art dealers and gallery owners who want to reach new clients outside international art fairs.
"A lot of these artists are not necessarily household names," said Shlomi Rabi to The Art Market Monitor. "They may not have been at the big auction houses, but it's not because they are not at the calibre, it's simply because they haven't necessarily had the break, and this is what the platform is meant to do: It's exposure, visibility, empowerment, access."
[caption id="attachment_212661" align="alignnone" width="1024"] 'Time Table' by Shay Azoulay is one of the works to be auctioned during the 'Sourdough' sale on December 2 at Greenhouse Auctions. (Image: Greenhouse Auctions)[/caption]
Selling prices remaining confidential
One of its other unique features is that Greenhouse Auctions refuses to make public the final sale prices of works at auction, even though their estimates remain accessible. The policy is designed to discourage buyers who want to make a good return on their investment, while protecting artists from the possibility of seeing their market collapse if one of their works does not find a buyer.
"Auction houses are all about anonymity. Chances are that you won't know who's selling, or why they even bought that work of art a year ago if their intention was to flip it," the site outlines. It explains its difference in that "[b]uyers come [to us] to directly support artists, pursue exciting artwork in a fair and transparent model, and invest in the next generation of talent."
Greenhouse Auctions will launch its first online sale today called "Sourdough". Fifteen works created during the pandemic by artists including Shai Azoulay, Molly A. Greene, T. Eliott Mansa, Nick Farhi, William Osorio and Tony Vazquez-Figueroa will be auctioned.
Sellers will keep 95 percent of the final price of their sold work, while collectors will pay a 20 percent buyer's premium. A part of the sellers fee will be donated to launch a new scholarship with the Thurgood Marshall College Fund, benefiting Black colleges in the US.
(Main and featured image: Greenhouse Auctions)
The post This Auction House Wants You to Buy Art Because You Love it, Not For Investment appeared first on Prestige Online - Hong Kong.
This Auction House Wants You to Buy Art Because You Love it, Not For Investment
Expert art collectors are well aware that the popularity of an emerging artist can skyrocket rapidly, meaning that their artworks are at risk of only being bought for expensive future resale. New auction house Greenhouse Auctions has created a business model to counter this widespread phenomenon.
This online art platform was founded by Shlomi Rabi, former head of photography sales at Phillips, New York, and former VP, head of photographs for the Americas at Christie's, to address the disparities in the auction art market. "Greenhouse Auctions sprouted in the midst of an economic avalanche, and its mission from day one has been to create an inclusive, inviting, safe space for those in the art world who are often left out," explains the website.
Greenhouse Auctions sales focus on small galleries and emerging artists, whose works are estimated under US$20,000 (HK$155,000). The main goal is to offer an affordable entry point to a new generation of art collectors, and to help upcoming artists whose markets are growing rapidly. The latter can directly sell their work through Greenhouse Auctions, alongside art dealers and gallery owners who want to reach new clients outside international art fairs.
"A lot of these artists are not necessarily household names," said Shlomi Rabi to The Art Market Monitor. "They may not have been at the big auction houses, but it's not because they are not at the calibre, it's simply because they haven't necessarily had the break, and this is what the platform is meant to do: It's exposure, visibility, empowerment, access."
[caption id="attachment_212661" align="alignnone" width="1024"] 'Time Table' by Shay Azoulay is one of the works to be auctioned during the 'Sourdough' sale on December 2 at Greenhouse Auctions. (Image: Greenhouse Auctions)[/caption]
Selling prices remaining confidential
One of its other unique features is that Greenhouse Auctions refuses to make public the final sale prices of works at auction, even though their estimates remain accessible. The policy is designed to discourage buyers who want to make a good return on their investment, while protecting artists from the possibility of seeing their market collapse if one of their works does not find a buyer.
"Auction houses are all about anonymity. Chances are that you won't know who's selling, or why they even bought that work of art a year ago if their intention was to flip it," the site outlines. It explains its difference in that "[b]uyers come [to us] to directly support artists, pursue exciting artwork in a fair and transparent model, and invest in the next generation of talent."
Greenhouse Auctions will launch its first online sale today called "Sourdough". Fifteen works created during the pandemic by artists including Shai Azoulay, Molly A. Greene, T. Eliott Mansa, Nick Farhi, William Osorio and Tony Vazquez-Figueroa will be auctioned.
Sellers will keep 95 percent of the final price of their sold work, while collectors will pay a 20 percent buyer's premium. A part of the sellers fee will be donated to launch a new scholarship with the Thurgood Marshall College Fund, benefiting Black colleges in the US.
(Main and featured image: Greenhouse Auctions)
The post This Auction House Wants You to Buy Art Because You Love it, Not For Investment appeared first on Prestige Online - Hong Kong.
This Auction House Wants You to Buy Art Because You Love it, Not For Investment
Expert art collectors are well aware that the popularity of an emerging artist can skyrocket rapidly, meaning that their artworks are at risk of only being bought for expensive future resale. New auction house Greenhouse Auctions has created a business model to counter this widespread phenomenon.
This online art platform was founded by Shlomi Rabi, former head of photography sales at Phillips, New York, and former VP, head of photographs for the Americas at Christie's, to address the disparities in the auction art market. "Greenhouse Auctions sprouted in the midst of an economic avalanche, and its mission from day one has been to create an inclusive, inviting, safe space for those in the art world who are often left out," explains the website.
Greenhouse Auctions sales focus on small galleries and emerging artists, whose works are estimated under US$20,000 (HK$155,000). The main goal is to offer an affordable entry point to a new generation of art collectors, and to help upcoming artists whose markets are growing rapidly. The latter can directly sell their work through Greenhouse Auctions, alongside art dealers and gallery owners who want to reach new clients outside international art fairs.
"A lot of these artists are not necessarily household names," said Shlomi Rabi to The Art Market Monitor. "They may not have been at the big auction houses, but it's not because they are not at the calibre, it's simply because they haven't necessarily had the break, and this is what the platform is meant to do: It's exposure, visibility, empowerment, access."
[caption id="attachment_212661" align="alignnone" width="1024"] 'Time Table' by Shay Azoulay is one of the works to be auctioned during the 'Sourdough' sale on December 2 at Greenhouse Auctions. (Image: Greenhouse Auctions)[/caption]
Selling prices remaining confidential
One of its other unique features is that Greenhouse Auctions refuses to make public the final sale prices of works at auction, even though their estimates remain accessible. The policy is designed to discourage buyers who want to make a good return on their investment, while protecting artists from the possibility of seeing their market collapse if one of their works does not find a buyer.
"Auction houses are all about anonymity. Chances are that you won't know who's selling, or why they even bought that work of art a year ago if their intention was to flip it," the site outlines. It explains its difference in that "[b]uyers come [to us] to directly support artists, pursue exciting artwork in a fair and transparent model, and invest in the next generation of talent."
Greenhouse Auctions will launch its first online sale today called "Sourdough". Fifteen works created during the pandemic by artists including Shai Azoulay, Molly A. Greene, T. Eliott Mansa, Nick Farhi, William Osorio and Tony Vazquez-Figueroa will be auctioned.
Sellers will keep 95 percent of the final price of their sold work, while collectors will pay a 20 percent buyer's premium. A part of the sellers fee will be donated to launch a new scholarship with the Thurgood Marshall College Fund, benefiting Black colleges in the US.
(Main and featured image: Greenhouse Auctions)
The post This Auction House Wants You to Buy Art Because You Love it, Not For Investment appeared first on Prestige Online - Hong Kong.
Michael Jackson’s Art Collection Goes Under the Hammer
A series of items once owned by the late King of Pop, Michael Jackson, are set to go under the hammer on October 23 in an online sale held by the Guernsey's auction house.
The "Treasures Once Owned by Michael Jackson" sale offers fans and art enthusiasts a collection of 80 lots, including artworks that once adorned Neverland, the late singer's vast Californian ranch and private theme park.
Highlights include bronze sculptures, malachite candelabras and the Jackson 5's first contract with Steeltown Records, signed by Joseph Jackson.
[caption id="attachment_211358" align="alignnone" width="1024"]
A Peter Pan bronze sculpture, which used to be displayed in Michael Jackson's Neverland ranch. (Image: Guernsey's Auctions)[/caption]
Items in the sale include a bronze statue of Peter Pan and a wooden model of Captain Hook's ship, both estimated to fetch US$30,000 to US$40,000. The latter was gifted to Michael Jackson by the actress Elizabeth Taylor.
Art enthusiasts will also be able to bid for a rare bronze cast of "Gloria Victis" by the French sculptor and painter, Antonin Mercié, estimated to fetch US$75,000 to US$85,000. Other casts of the 1874 statue are currently in collections held by New York's Metropolitan Museum of Art and the National Gallery of Art in Washington DC.
[caption id="attachment_211357" align="aligncenter" width="820"]
The Jackson 5's first label contract. (Image: Guernsey's Auctions)[/caption]
The "Treasures Once Owned by Michael Jackson" auction also includes collector's items and memorabilia from the King of Pop's vast musical career, such as the first contract between the Jackson 5 band and the Steeltown Records label. This historic document, signed by Joe Jackson, is expected to fetch US$50,000 to US$100,000. Similarly, an acetate disc of the Jackson 5's first singles could sell for US$10,000 to US$20,000.
According to Artnet News, certain lots in the auction were consigned by Richard LaPointe, who acquired them following a lengthy legal battle with Julien's Auctions and the Jackson estate. The collector, based in Quebec, Canada, had bid on various objects belonging to Michael Jackson that Julien's Auctions planned to sell between April 22 and 25, 2009.
[caption id="attachment_211356" align="aligncenter" width="612"]
The Jackson 5's first acetate pressing of singles. (Image: Guernsey's Auctions)[/caption]
This major sale — which could have fetched between US$15 and US$20 million at Julien's Auctions — was ultimately cancelled at the last minute on the request of Michael Jackson's production company, MJJ Productions.
"Now, more than a decade later, the collector has decided to share Michael's cherished items with the world
and give fans the chance to own a piece of the King of Pop's legacy," said Guernsey's Auctions in a press release.
(All images: Guernsey's Auctions)
The post Michael Jackson’s Art Collection Goes Under the Hammer appeared first on Prestige Online - Hong Kong.
Rare Botticelli Painting Expected to Fetch Record-Breaking HK$620 Million
A rare painting by Italian Renaissance master Sandro Botticelli is poised to achieve over US$80 million (HK$620 million) when it goes under the hammer in New York in January, according to Sotheby's — setting a record auction price for the artist.
"Young Man Holding a Roundel" has been billed by the auction house as one of the greatest paintings from the era still in private hands. It is expected to smash the US$10.4 million auction record set seven years ago for a painting by the Florence native.
The subject of the enigmatic portrait is not known, but art historians believe it could be a depiction of a close friend of the Medici family, which ruled the Italian city during Botticelli's life.
[caption id="attachment_210878" align="aligncenter" width="299"]
'Young Man Holding a Roundel' by Sandro Botticelli goes to auction in January. (Image: Sotheby's)[/caption]
The painting has been dated to the artist's most prolific years in the late 15th century, when Pope Sixtus IV invited him to help decorate the Sistine Chapel in Rome. During that period he produced some of his most famous works including "the Birth of Venus".
"This Botticelli is so much more spectacular in every way than anything we've seen coming to market," said Sotheby's senior vice president Christopher Apostle. "It says everything about Florentine culture and that moment of the Renaissance, when just everything fundamentally changes in Western thinking and art and literature."
Despite its age, the painting has been kept in an immaculate state and has been exhibited in several museums. It last changed hands in 1982, when a private collector bought it for about US$1.3 million. More details here.
The post Rare Botticelli Painting Expected to Fetch Record-Breaking HK$620 Million appeared first on Prestige Online - Hong Kong.
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